19
Dec
14:11
Iron ore flat as Rio, Baowu extend venture
Seaborne iron ore prices stalled on Wednesday. Rio Tinto and Baowu Steel meanwhile are preparing to extend their Australian mining venture.
The Kallanish KORE 62% Fe index was unchanged on Wednesday at $69.21/dry metric ton cfr Qingdao. On the Dalian Commodity Exchange May 2019 iron ore settled at CNY 487.5/tonne ($70.67/t), up CNY 1.5/t, while on the Singapore Exchange January 62% Fe futures settled up $0.74/t at $68.71/t. In Tangshan, billet pri…
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Anonymous
Very good overview of the weekly steel market.
Anonymous